R Banyard - Myers Industries President, Chief Executive Officer, Director

MYE Stock  USD 21.65  0.08  0.37%   

CEO

Mr. R. David Banyard was President, Chief Executive Officer, Director of the Company. He was appointed as Director effective January 1, 2016. A 1990 graduate of Princeton and, later, The University of Virginia Darden School of Business, Mr. Banyard directed his posteducation career to the U.S. Navy as a fighter pilot. Mr. Banyard began his business career with Danaher Corporation and held successive leadership roles during his six year tenure culminating with his leadership of the Vehicle Systems business unit of Kollmorgen, based in Stockholm, Sweden. Mr. Banyard subsequently joined Roper Technologies in 2010 as the Group President, Fluid Handling Technologies where he led a diverse portfolio of companies serving a wide array of end markets since 2016.
Age 49
Tenure 8 years
Address 1293 South Main Street, Akron, OH, United States, 44301
Phone330 253 5592
Webhttps://www.myersindustries.com
Banyard has a proven track record of outperforming market growth while delivering expanded profit margins, reducing working capital requirements and driving improved cash flow performance.

Myers Industries Management Efficiency

The company has Return on Asset of 0.0717 % which means that on every $100 spent on assets, it made $0.0717 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.178 %, implying that it generated $0.178 on every 100 dollars invested. Myers Industries' management efficiency ratios could be used to measure how well Myers Industries manages its routine affairs as well as how well it operates its assets and liabilities. As of April 23, 2024, Return On Tangible Assets is expected to decline to 0.06. In addition to that, Return On Capital Employed is expected to decline to 0.14. At present, Myers Industries' Intangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Net Tangible Assets is expected to grow to about 309.6 M, whereas Non Current Assets Total are forecasted to decline to about 244.1 M.
The company has 95.49 M in debt with debt to equity (D/E) ratio of 0.6, which is OK given its current industry classification. Myers Industries has a current ratio of 1.69, which is typical for the industry and considered as normal. Debt can assist Myers Industries until it has trouble settling it off, either with new capital or with free cash flow. So, Myers Industries' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Myers Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Myers to invest in growth at high rates of return. When we think about Myers Industries' use of debt, we should always consider it together with cash and equity.

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Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. The company was founded in 1933 and is headquartered in Akron, Ohio. Myers Industries operates under Packaging Containers classification in the United States and is traded on New York Stock Exchange. It employs 2725 people. Myers Industries (MYE) is traded on New York Stock Exchange in USA. It is located in 1293 South Main Street, Akron, OH, United States, 44301 and employs 2,500 people. Myers Industries is listed under Metal, Glass & Plastic Containers category by Fama And French industry classification.

Management Performance

Myers Industries Leadership Team

Elected by the shareholders, the Myers Industries' board of directors comprises two types of representatives: Myers Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Myers. The board's role is to monitor Myers Industries' management team and ensure that shareholders' interests are well served. Myers Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Myers Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
Greggory Branning, CFO, Principal Accounting Officer, Sr. VP and Corporate Secretary
Jeffrey Baker, Vice President - Shared Services
Sarah Coffin, Independent Director
Sonal Robinson, Chief Financial Officer, Executive Vice President
Andrean Horton, Interim President, Chief Executive Officer, Executive Vice President, Secretary
F Liebau, Chairman, Non-Executive Independent Director
Bruce Lisman, Independent Director
Edward Kissel, Director
Lorelei Evans, Vice President of Human Resources
Kevin McElgunn, VP Development
Ronald Feo, Independent Director
Yvette Bright, Independent Director
Michael Valentino, Group Handling
John Crowe, Director
Keith Brown, Director
Richard Johnston, Director
Meghan Beringer, Senior Relations
Jon Outcalt, Director
Chris DuPaul, Group President - Distribution
Jack Liebau, Chairman of the Board
Matteo Anversa, CFO, Executive Vice President Corporate Secretary
Vincent Byrd, Director
Grant Fitz, Executive CFO
R Banyard, President, Chief Executive Officer, Director
James Gurnee, Vice President - Sales, Marketing and Commercial Excellence
Robert Stefanko, Independent Director
Paul Johnson, Vice President - Distribution Segment
David Banyard, CEO and President and Director
Daniel Lee, Independent Director
Jane Scaccetti, Independent Director
Thomas Harmon, Chief Human Resource Officer, Vice President
Flavia Pachi, VP Treasurer
Michael McGaugh, President, Chief Executive Officer, Director
David Basque, Pres Integration
Sue Rilley, Senior Secretary
William Foley, Independent Director
Daniel Hoehn, Interim Chief Financial Officer
Kevin Brackman, Chief Financial Officer, Executive Vice President
Lori Lutey, Independent Director
Tom Harmon, Chief Human Resource Officer, Vice President
Jeffrey Kramer, Independent Director
Robert Heisler, Director
Monica Vinay, VP of Investor Relations and Treasurer

Myers Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Myers Industries a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Myers Industries is a strong investment it is important to analyze Myers Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Myers Industries' future performance. For an informed investment choice regarding Myers Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
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When running Myers Industries' price analysis, check to measure Myers Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Myers Industries is operating at the current time. Most of Myers Industries' value examination focuses on studying past and present price action to predict the probability of Myers Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Myers Industries' price. Additionally, you may evaluate how the addition of Myers Industries to your portfolios can decrease your overall portfolio volatility.
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Is Myers Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myers Industries. If investors know Myers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myers Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.06)
Dividend Share
0.54
Earnings Share
1.32
Revenue Per Share
22.128
Quarterly Revenue Growth
(0.10)
The market value of Myers Industries is measured differently than its book value, which is the value of Myers that is recorded on the company's balance sheet. Investors also form their own opinion of Myers Industries' value that differs from its market value or its book value, called intrinsic value, which is Myers Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myers Industries' market value can be influenced by many factors that don't directly affect Myers Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Myers Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Myers Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myers Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.